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Digital wallets: Empowering crypto asset management & security
15.2.2024
Cryptocurrencies have gained tremendous popularity worldwide, providing secure storage solutions and payment systems across different sectors, industries, and nations. In cryptocurrencies and digital assets, wallets play a crucial role in safeguarding and managing cryptocurrencies. A digital wallet...
Binance Payments Partner Banxa Makes Debut on UK Crypto Register
13.2.2024
The Financial Conduct Authority (FCA) added another crypto-focused firm to its famous crypto register on February 9. This time, it’s Banxa (BNXA)—the international fiat-processing payment company. Here’s what you need to know: Banxa UK Gets Greenlight from FCA for Crypto Activities...
Historic Inflows: Spot Bitcoin ETFs Attract Over $1 Billion in a Single Week
13.2.2024
The recent US SEC-approved Bitcoin ETFs collectively netted $1.1 billion in inflows last week, according to a new report by European crypto asset manager CoinShares. Total inflows into spot Bitcoin ETF products now amount to $2.8 billion since they hit the market on January 11. Institional hoarding...
Why Europe’s MiCA Raises the Barrier to Entry for Stablecoin Issuers
8.2.2024
The Markets in Crypto Assets Regulation (MiCA), due to take effect this year, is the European Union’s comprehensive crypto law. The legislation promises legal certainty, compliance challenges and global implications. MiCA’s primary goal will be to establish a unified rulebook for regulating...
FINRA-Registered Digital Asset Platform Prometheum to Launch Ether Custody Services
7.2.2024
Prometheum, the first U.S. special purpose broker-dealer authorized to custody, clear, and settle digital asset securities, disclosed that it is now providing custodial services for the cryptocurrency ethereum. This announcement arrives amidst a period where the prominent crypto asset, ethereum...
Weekly Crypto Roundup: Standouts From FLR, LINK and Stumbles From MANTA, and CFX
5.2.2024
In the span from Jan. 29 to Feb. 5, 2024, while bitcoin and ethereum have remained stagnant within their trading ranges, a selection of cryptocurrencies have enjoyed significant weekly upsurges, registering double-digit gains against the U.S. dollar. Specifically, flare, chainlink, and bittensor...
Digital Asset Investment Fund Record $708 Million Inflows as AUM Hit $53 Billion
5.2.2024
Digital asset investment funds have seen an increase in inflows across seven days following a market rebound after days of sell-offs. A new CoinShares Weekly Crypto Asset Flows Report shows massive inflows into Bitcoin (BTC) and other cryptocurrencies, raising yearly entries to $1.6 billion....
Bitcoin Technical Analysis: BTC Holds Steady Above $43K as Bulls Defend Support
5.2.2024
Bitcoin’s price is holding above the $43,000 range after bulls defended key support levels over the weekend. The leading crypto asset is up 2% week-to-date and 5.6% over the past two weeks. Bitcoin On the 1-hour chart, bitcoin’s price action shows a short-term uptrend, with higher lows...
Veteran Investor Jim Rogers on Crypto: Bitcoin Unlikely to Become Money, Governments Favor CBDCs
3.2.2024
In a new interview, Jim Rogers, who helms Rogers Holdings Inc. and was a co-creator of the Quantum Fund alongside George Soros in the 1970s, shared his observation of “various signs that something is going to go wrong soon” within the U.S. economy, predicting an impending recession....
Study: BTC Is the Most Popular Crypto Asset, Crypto Exchanges Among the Least Trusted Service Providers
29.1.2024
The data from the latest Coinover study suggests that 17% of the participants own cryptocurrency and 30% plan to do so in the coming year. About 50% of those interviewed said they were positive about their financial earnings, while 20% expressed dissatisfaction with the returns. More Than Half...
AI Hype: CFTC Urges Investors to be Wary of AI-Created Crypto-Asset Arbitrage Algorithms
28.1.2024
The Commodities Futures Trading Commission has urged investors to be wary of artificial intelligence-created algorithms which promise dubious returns on crypto asset investments. The commission said investors should conduct background research on the companies or individuals who offer such...
US SEC Delays Decision on Grayscale’s Spot ETH ETF Application
26.1.2024
The U.S. Securities and Exchange Commission (SEC) delayed its decision on an application by crypto asset manager Grayscale Investments to convert its Ethereum trust product into a spot exchange-traded fund (ETF) on Thursday, as per a Reuters reported. A day before the US regulator had delayed...
FINRA Claims Widespread Violations in Majority of Crypto Asset Communications
25.1.2024
Following an examination launched in November 2022, FINRA claims widespread potential violations in the way member firms communicate about crypto assets. FINRA Report Alleges Misinformation in Crypto Asset Marketing In a report released on Jan. 23, the Financial Industry Regulatory Authority...
70% of Crypto Asset-Related Communications Violate Rules: FINRA
24.1.2024
The U.S. Financial Industry Regulatory Authority (FINRA) has reported that approximately 70% of crypto asset-related communications reviewed in a recent targeted exam have failed to comply with its rules. According to a recent report by the FINRA, the examination launched in November 2022 involved...
Bitcoin Sinks Below $39,000 as Market Pressure Intensifies
23.1.2024
Over the past day, bitcoin’s value has experienced further decline, now plummeting below the $39K mark as ongoing bearish trends exert downward pressure. Following its dip under the $40K barrier on Monday, the leading crypto asset further depreciated by 5.3% relative to the U.S. dollar...
Denver Pastor Accused of Misappropriating $1.3 Million Raised via a Crypto Token Sale
23.1.2024
The Colorado Securities regulator has accused the pastor of an online-only church of illegally pocketing $1.3 million which was raised via the sale of a cryptocurrency he created. A judge in Colorado has since ordered the closure of the pastor and his wife’s bank accounts for 14 days....
Global Crypto User Base Hits 580M, Following 34% Increase in 2023 – Crypto.com Report
22.1.2024
Source: Pexels Crypto asset adoption is accelerating, with over half a billion people becoming users or owners in 2023, according to a Crypto.com report. Making its disclosure in an 18-page report from its Research and Insights Team, the centralized Bitcoin exchange pointed out that 580 million...
Ethereum Technical Analysis: Bearish Trends Dominate Across Multiple Timeframes
22.1.2024
Similarly to bitcoin’s action, the second largest crypto asset by market cap, ethereum, has seen some market turmoil and a distinct downtrend. As of Jan. 22, 2024, ether has shown a notable decrease, registering a 3.3% drop in 24 hours and a 5.7% decline over the past week. Ethereum...
Study: Potential Approval of Spot ETF Is Ethereum’s ‘Strongest Narrative Right Now’
22.1.2024
The approval of a spot ethereum exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) could be the crypto asset’s “strongest narrative,” according to a Kaiko Research analysis. The Kaiko Research team believes that ethereum’s rally post-bitcoin...
FDUSD Market Cap Skyrockets by $1 Billion in 2024, Clinching Top 4 Stablecoin Spot
21.1.2024
According to statistics, the stablecoin crypto asset FDUSD has seen its market capitalization grow by $1 billion since the start of the year. Presently, the supply stands at 2.614 billion FDUSD after witnessing a 45.7% supply increase in 30 days. FDUSD’s Market Cap Swells from $1.6 Billion...